Global Bancassurance Market Growth (Status and Outlook) 2025-2031

Global Bancassurance Market Growth (Status and Outlook) 2025-2031

The global Bancassurance market size is predicted to grow from US$ 2079 million in 2025 to US$ 2337 million in 2031; it is expected to grow at a CAGR of 2.0% from 2025 to 2031.

Bancassurance refers to an agreement between a bank and an insurance company. In bancassurance, the insurance company can use the bank’s distribution channels to sell products. Banks, in return, receive a certain fee from the insurance company.

The Bancassurance industry can be broken down into several segments, Life Bancassurance and Non-Life Bancassurance.

Europe is the main market of bancassurance products, with more than 40% market share, followed by Asia Pacific and North America.

The market concentration of bancassurance products is very low, the main manufacturers are ABN AMRO Bank, ANZ, Banco Bradesco, American Express, Banco Santander, BNP Paribas, ING Group, Wells Fargo, Barclays, Intesa Sanpaolo, Lloyds Bank, Citigroup, HSBC, NongHyup Financial Group, Nordea Bank etc. The market share of the top five enterprises is less than 10%.

LPI (LP Information)' newest research report, the “Bancassurance Industry Forecast” looks at past sales and reviews total world Bancassurance sales in 2024, providing a comprehensive analysis by region and market sector of projected Bancassurance sales for 2025 through 2031. With Bancassurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bancassurance industry.

This Insight Report provides a comprehensive analysis of the global Bancassurance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Bancassurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Bancassurance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bancassurance and breaks down the forecast by Type, by User, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bancassurance.

This report presents a comprehensive overview, market shares, and growth opportunities of Bancassurance market by product type, application, key players and key regions and countries.

Segmentation by Type:
Life Bancassurance
Non-Life Bancassurance

Segmentation by User:
Adults
Kids
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABN AMRO Bank
ANZ
Banco Bradesco
American Express
Banco Santander
BNP Paribas
ING Group
Wells Fargo
Barclays
Intesa Sanpaolo
Lloyds Bank
Citigroup
HSBC
NongHyup Financial Group
Nordea Bank

Please note: The report will take approximately 2 business days to prepare and deliver.